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design a class library that works on library system that include the following attributes and methods

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What is included in current assets?

following items includes:1 - cash2 - bank3 - inventory4 - debtors etc


Which one of the following accounts would appear in an income statement debit column?

In an income statement, the debit column typically includes accounts that represent expenses or losses. Common examples include cost of goods sold, operating expenses, and interest expenses. These accounts reduce net income and therefore are recorded as debits. Revenue accounts, on the other hand, would appear in the credit column, reflecting income generated by the business.


What is difference between purchases and expenses?

Expenses means money spent or cost incurred in an entity,s effort to generate revenue. it represent cost of doing business. Purchase means cost of buying goods/ services.It result in increase in expense. Thus expense is a wider term which includes purchase in it.


What is the main two areas of expenditure?

The main areas of expenditure for individuals typically include housing and transportation. Housing encompasses costs such as rent or mortgage payments, utilities, and maintenance. Transportation includes expenses related to vehicles, public transit, and fuel. These two areas often represent the largest portions of a household's budget.


Two categories of expenses for merchandising companies are?

C.O.G.S. (Costs of Goods Sold) and Operating Expenses.The normal operating cycle of a service company includes the following steps :1. Perform services. 2. Accounts Receivable 3. Get cashThere are no goods involved. Only a service has to be performed,...

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